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, everyone. i'm larry kudlow. this is "the kudlow report." tax hikes, tax hikes, and tax hikes. one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess
right now and markets know it. good evening, i'm larry kudlow, this is "the kudlow report." it all comes down to the next 24 hours. one year of campaigning, $1 billion spent, mitt romney ever the optimist going up against the pessimist barack obama. i'm still picking romney and you'll hear my commentary later in the broadcast. >>> for the first time with just hours to go, pennsylvania now coming up in play. that is astounding for a state long thought to be in obama's hands. we have amassed all of the kudlow all-stars on both sides of the aisle to help us out for the next hour. >>> first up, the first polls close in 24 hours. that includes the critical battleground state of virginia. so how close will tomorrow be? or can we expect mitt romney or obama to pull off a sizable win? who knows. chief washington correspondent john harwin knows. >> everything we know suggests it's going to be chose. let me give you context for prediction of a romney victory. take the latest nbc/"wall street journal" poll. obama 48%, romney photography%, can't get any closer than that, well wind the margin of erro
, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll be facing this. why all of the bickering when it equates to just one quarter of 1% of gdp. all right, supply side art mentor will join us to discuss. >>> also tonight, a shocker, david petraeus quits in disgrace or was he forced out just days before he was to testify in front of congress over the benghazi embassy terror attack. will we ever get the real answers? was the threat of blackmail behind this? >> we begin this evening with the president pushing congress to come together right now and solve the fiscal cliff mess. let's give peace a chance. >> cnbc's chief washington correspondent john harwood joins us now with the details. good evening, john. >> reporter: good ev
down. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." a terrorist rocket lands in tel aviv. israeli troops massing at the gaza border, thousands of reservists called to duty. this is war. question, is this war going to spread? next question, why shouldn't israel just wipe hamas out for good? we are learning that president obama wants more tax hikes than any would imagine. it's the second story. that moves us close to stalemate and recession. that's right. still not much talk about spending cuts. so tonight we have budget cutting hawk jeff flake, the senator-elect from arizona. then there's this -- >> watch out. they're stealing the hostess twinkies. >> watch this. here's your reward. >> thanks! >> the question is, will the union succeed in stealing the twinkies forever? the ceo of hostess speaks out and speaks to us about this subject. >>> first up, breaking news out of the middle east. at this hour, israel giving the green light to call up 30,000 reserve troops and is moving forces toward the gaza strip. this is war. this after tel aviv came under rocket
? >>> stocks didn't fear sandy. stocks up 136 points. good evening, everybody. larry kudlow with my colleague michelle caruso-cabrera. five days before the election. is new york mayor mike bloomberg using hurricane sandy to score political points by endorsing barack obama? rudy giuliani will be our special guest. >> and why are politicians brow beating insurance companies in to how to run their businesses? it eats an attack on free market capitalism. >> a special edition of the "kudlow report" begins right now. >>> sandy, the road to recovery. the cost of sandy's destruction on the rise. gas lines stretch for miles. and so does the traffic jams. billions still without power. food getting scarce. nerves break. how past can we rebuild? tonight we look for answer. plus the markets rally and the reaction of a lifetime days away. this is a special edition of the "kudlow report." >>> hurricane sandy may be over, but tonight many in the northeast remain without basic needs. power, water, gasoline, and the road to recovery looks grim. here's what we know right now. total losses in sandy, now estimate
is dominating stocks right now. good evening, everyone. i'm larry kudlow. this is the kudlow report. our top story this evening, four days before election day. and the race between president obama and mitt romney could not be any tighter. >> four more days! four more days! >> all right. the president today telling his liberal supporters that the mere mention of governor romney to exact revenge. >> no, no, no. don't boo. vote. vote. voting's the best revenge. >>> and thank you, again, vice president joe biden, for yet another gift. >> there's never been a day in the last four years i've been proud to be his vice president. not one single day. not one single day. >>> and we ask a key question tonight. is hurricane sandy so much worse with the loss of life and incredible suffering covering a third of the country? is that going to put voters in an angry, frustrated and ugly place? so much so that it damages president obama's re-electionesre-electio re-electionest. >>> we begin tonight with breaking news. after a friday filled with fury, michael bloomberg gave into the criticism and canceled the
i will see you money! >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." so today at the white house it was all peaches and cream and conciliation. nothing done, mind you, but perhaps we're on the right path. the markets did seem to like it. i want to ask this question. where's the balance? i see tax revenue increases, but i don't see spending cuts, and that's not going to be good for our economy. so the question is now another topic. will israel launch a major ground operation to wipe out hamas? the israelis did take out another top hamas leader today. not long after, air raid sirens went off in jerusalem, and egypt sends its prime minister to the gaza strip in a show of solidarity with the -- and did general petraeus pull a 180 degree turn in testimony today? in september he said it was videos and spontaneous demonstrations. today he said the cia knew all along it was a terrorist attack in libya. this story gets worse and worse, more and more complicated and we are going to parse through it. first up, with the fiscal cliff only 45 short days away, are we fa
! >>> good evening, everyone, i'm larry kudlow. this is "the kudlow report." well, it sure sounded pick president obama was signaling today at his press conference that only a hike in the top bush tax rates will keep us off the fiscal cliff. by the way, that signal cost stocks 185 points on the dow. and because those tax hikes not only threaten future economic growth, they also include big penalties on capital gains, dividends and other forms of investment. plus, get this. the president wants a $1.6 trillion tax hike over the next decade. itself, a horrific number and begs the question, what is the government going to do with all our money? >>> and have you seen this video? in response to weeks of rocket attacks, israel gets their man with this missile attack on the military leader of hamas. now, israel is launching a full-scale ground attack on the hamas terrorists which are backed by iran, of course. by the way, this is all happening while we have no cia director here at home. >>> first up today, in his first news conference since being re-elected, president obama, with rhetoric somet
evening everyone, i'm larry kudlow. this is the kudlow report. not so fast, everyone. perhaps that was very premature about the fiscal cliff. we still see little or no movement on a deal. president obama might want higher rates and cap on reductions for more tax revenues. that could be a deal-breaker and the markets won't stand for long while nothing gets wrong. i don't want to be overly pessimistic. i'm trying to be realistic. i'm reporting what i'm hearing. but stocks did rise a bit on news after cease-fire between israel and whhamas. is israel snaf particularly when we know that palestinians and gaza may just rest unand rearm for the next round? >>> finally as you head out into the thanksgiving traffic, ask yourself where president obama still hasn't given the green light to the keystone pipeline that would give us jobs and energy n independence? now a truly bipartisan group of senators is telling the president to make a decision right now. first up this evening, this is the big question. will we get a deal done or might president obama just let us go right over the fiscal
. this is the kudlow report. the markets are gambling on a happy ending. the markets roared today. plus there is certainly no deal yet to stop the war in the holy land but cease fire negotiations are reportedly gaining steam. can israel sweep out the terrorists before the plot stops. and paul progress. a 91% tax rate. whoops. wait a minute. we have three recessions. or have you forgotten? kudlow style. first up tonight, stocks look very optimistic today. the dow gained 208 points. the s&p 500 surged by 20 points. let's go to liz saunders and brian, the co-founder of shelter capital. welcome back. i want to quote you from my pal and your pal who said on the air this morning on cnbc that if we get a resolution of -- if we extend tax rates, jeremy said the dow can hit 17,000 next year. 17,000 next year. liz ann, i ask you what do you make of that. >> i'm wearing the. >> the i do think that the market would react. a true sign that we would have a compromise here. >> what do you think about 17,000? you and i haven't talked in a while. is such a thing possible? >> yes. don't ask me for a time
cramer, see you tomorrow! >>> good evening. >>. i'm larry kudlow. this is "the kudlow report." if you say the right thing about the fiscal cliff deal, boy, will these markets turn on a dime and i would like to be optimistic. neither taxes nor spending nor entitlements were solved today. in fact, president obama never even mentioned the word spending. the one thing we do know, your taxes are going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates going sky high, no credit standards and sky high tuition. sound likes a real bad story to me. ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank finefein. >> the highlight of the meeting was the intensity from which the white house emphasized that marge al rates as a matter of math and politics have to go up somewhat, if not all the way to 31.6 had to go up and as p he said as a necessary ingredient
have an open mind. i'm kudlow. we'll be right back. [ female announcer ] want to spend less and retire with more? at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of low cost investments. get a great plan and low cost investments at e-trade. >>> we are more breaking news tonight. u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it. we're patsys to the iranian supreme leader. this information is coming from the u.s. side. cnn reported it. it's significant to me, my information is that iran has now reported it to the iranian people. in farcesy. they reproduced the cnn report and sadded t
i'm jim cramer. see you tomorrow! >>> i am larry kudlow. a blockbuster prediction. the u.s. set to take over as the top world oil producer in the next decade. will the epa block this tremendous economic and political breakthrough? then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible.
. i will see you tomorrow. slg . >>> good evening, everyone. this is "the kudlow report." we are just hearing tonight about outrageous demands from democrats where a $1.6 trillion tax hike and get this, a $50 billion economic stimulus program. ? i thought this was about cutting spending, not raising it. republican leaders rejected these offers, no surprise. my two cents? republicans ought to stick to their guns on this one, stay with the low tax and spending principles. the democrats are bluffing. when they talk about letting the tax cuts expire and bringing on a recession, i don't believe that bluff. president obama would become a herbert hoover with two recessions on his watch. he can't let that happen. obama did not be hoover. therefore the democrats cannot let all the tax cuts expire without a good deal. unfortunately the cliff talks have charities frightening. they're worried the deduction will be slashed. ivity a contrarian view about this that is going to surprise you on the charitable deductions. and if she wasn't already in enough hot water over the benghazi mess, there's a j
. >>> good evening. this is "the kudlow report". washington said if they don't fish t fix the problem we will have a sudden problem. the leading democratic senator forget to read a bill he was sponsoring? he is backing away from the measure that would have given them the power to read your e-mails without a search warrant without the signature of a judge. this week hostess now back on the chopping block. are the unions trying to ruin the holidays and the economy for everybody? >> first up this evening tonight fed chairman ben bernanke gave a warning fix the fiscal cliff or we are headed for a severe recession, so far, no concrete proposals and i have to ask again, are we headed for a stalemate or can we find an economy saving common ground. let's talk. we have abigail disney. we'll have a sudden fiscal cliff? >> i worry about the damage that mighting done in fixing it. you don't think the tax increases that could come at the end of the year and the spending cuts of less 100 build, you don't think those would in deuce a severe recession and everybody on wastreet? >> they are not that big
be greedy. it is a reminder that every stock seems to have a price. >> this is the kudlow report. strong words today. the senate leaders on the lack of progress on the fiscal talks. that optimism from last week is fading fast. the markets didn't like it. the dow dropping 89 points. he is calling for middle class tax cuts only. he has a $30 billion temporary targ target. that is not rising above the fray. rural towns are seeing a drop indiana coi indiana coi in, income. it is a free market revolution. first up tonight. the count down continues. >> entitlements are off the table. i don't see how john by nor aoe going to take them out. you guys lost the election. president obama said he was going to raise taxes on the richest 2%. why is this a surprise? that is what happens at the end of the year. it is a little slow. we'll get over that. come january first, they will pass the tax cut for 98% of the people. >> i didn't think this was a mandate. i agree your man won. but jim, the basic deal was, okay, john boehner acknowledging what this was. putting this on the table and he said thi
run the market. i'm jim cramer see you tomorrow. >> good evening. this is the kudlow report. as america demands compromise, on growing the economy and avoiding the fiscal cliff. the president today hosted an old fashioned lefty summit filled with labor chiefs and foreign liberal groups. he went to them ahead of business and the politicians are going to come later on friday. they are going to consider mitt romney's plan. he lost the election but might his ideas win out in the end? plus obamacare, continues to take it's toll on jobs. and one ceo's comments about it's plan are spurring a national movement to eat pizza. 48 days until the biggest tax hike in the history of the planet earth. president obama put labor and local interest groups to who knows what. senate minority leader had the perfect response on the senate floor today please take a lis ebb. >> the amount of revenue that they are prepared to put usual over the cliff over wouldn't fund the government for one week. so why in the world would we want to do that? what is the point? to make people feel good about whacking
. at devry.edu/knowhow. ♪ >>> second away on "the kudlow report," will an optimistic mitt romney beat a pessimistic president obama? what happens if we don't have waner by wednesday? will markets crash? and ann coulter tells us whether chris christie re-elected barack obama. "the kudlow report" just moments away. >> some incredible after the close action today. eog, my favorite growth oil company, shot the lights out. that stock is climbing and
watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >> seconds away on "the kudlow report," the biggest drop of the year the day after president obama gets re-elected. coincidence? or is that unfair? me, i'm reaching across the aisle. will the house republicans do the same? plus, if the republican party didn't get the latino and immigration message last night, they are never going to win another election in my lifetime. "the kudlow report" just moments away. >> oh, i see you're back.
from the battleground states that could decide the presidential race. >>> and our own larry kudlow weighs in on which states he's watching most closely. >>> plus, money matters. the former wells fargo ceo talks the election's impact on wall street and what it could mean for your bottom line. >>> and your money, your initiative. got an issue you need passed? we'll show you how some americans are using their own income to further causes they believe in. that's all ahead on the "closing bell." or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. that was a live picture of the polling area in scentennial, colorado. it's a snapshot of who we're seeing across the country today as all eyes are on the presidential election. there are several swing states, but the road to the white house could be decided in
that i think there are people, to larry kudlow's point, about a battle of ideas, i think there are a lot of people who believe this is a battle of ideas, but i want to also just add the possibility that for a lot of people it actually may be a contest of personalities, that it really comes down to the candidates. that's how, for example, i think you get an outcome like wisconsin, where you have a republican governor and, yet, a very early and decisive win for president obama tonight. in some cases, i think republicans lost the senate because of the candidate, not because of the ideas. >> carly, tonight about the superpac money and the spending of all this money by essentially big business and big businessmen for a romney victory? >> well, i think if you looked at the data, what you'd find is there has been big superpac money spent on both sides. and i think what's interesting, certainly there's been a lot of superpac money for romney. i think toward the end of the game there was a fair amount of superpac money for obama as well. but i think what's interesting is after all this money has
shareholders for the returns. ♪ hallelujah . stick with cramer. >> next on the kudlow report. the president meets with big labor. will he give in and help push the leftist agenda? next on cnbc. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. the new 2013 lexus ls. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heel
kudlow report." >>> first
gust. stocks don't fare sandy. a great day and the dow climbed 136 points. the kudlow report is just moments away. >> all
goes away? think how bullish that would be for stocks. the kudlow report just moments away.
want to know that i'm a longtime fan, and i first saw you on tv when you were with larry kudlow. i love your high energy. >> thank you. >> caller: your sincerity and your wealth of knowledge. my stock is f-5 networks. it's gone down 20% since i bought it. should i hold it or sell? >> no, no, it's a slow-down. bottom fishing does not work. you have to go. i do not want you in at five. it's just not working. that is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. coming up, silly rabbit. organic food maker annie's has been hopping since its ipo earlier this year. but after falling from its highs, is the stock better left on the shelf or is it ready to run again? get your earnings edge when cramer talks with his ceo. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready,
as well. she was on lair kudlow on cnbc, appears many radio shows, speaks all over the country, and at the luce policy institute, we are honored to have kate as a member of our board of directers. kate came out of the university of virginia, wrote there, a student leader organizing campus events and one giant statewide event; right? >> that's right. >> she came to young americas foundation right out of college, and she took a lecture program, which was small, and made it into the biggest, best lecture program in the country. she left for another important thing, came back, and served as the vice president for a number of years until quite recently. kate was also the chairman of the virginia republican party from 2003 to 2006, and in that capacity, she garnered national attention when she led the charge against tax increases and expanded the role of government. the virginia republican parties went through rough times about then, it was a scandal, one of the leaders had done some -- >> [inaudible] >> before kate, unauthorized, but straightened it out, set the party for smooth sai
a tweet from larry kudlow from cnbc. larry says the republicans have to give up their position on immigration and move for reform, and the reason why he said is because they're going to lose the next election if they don't do this. >> and the ones after that. >> it's about political expedient see. that's not a guarantee they're going to win. latinos don't just care about immigration but jobs and health care and education. there are a number of issues of concern to them. nobody is talking about african-americans. they're not talking about asian-americans that voted 70% for obama, too. >> i believe it was 80% for obama. >> that's the fastest growing segment of the population. yes, they're slowly coming up to the reality they have to do something about latinos, but what about the rest of people in the country? what are they doing about women in the country? there's a diverse nation out here that they don't even recognize except for one chunk, the latino community. >> they believe they will get the instant numbers, if you can lure over to your side, that would the fastest and most
, you'll hear more about this. do not miss the exclusive interview with the hostess ceo on "the kudlow report." by then, we may have better clarity about what they plan to do. he has said if they don't reach an agreement with their unions come monday, they will file for liquidation. stay tuned for larry's report on that tonight. >> i think i'm wrong. i have had one. when i was a kid i had them. you're right. >> okay, well, maria bartiromo has had a ding dong. >> i don't want to misspeak. we'll take a short break and have the closing countdown. >> after the bell, what's going on? >> it's the interview we have been waiting before. alan simpson and erskine bowles are here with me in chicago about fixing the fiscal cliff and the debt. you're watching the "closing bell" on cnbc, first in business worldwide. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone lev
right, eamon. thanks very much. be sure to tune into "the kudlow report" tonight. larry's guest is grover norquist. that's tonight at 7:00 p.m. eastern. >>> raising taxes on only the wealthy does not do a lot to dent the deficit. we know that. still, it remains a focal point on the fiscal cliff negotiations. it's creating a divide among conservatives. >> joining us now to talk about this is j.d. foster from the heritage foundation. he's holding out for true tax reform that would broaden the base and eliminate deductions. john mccormick is staff writer "the weekly standard. he says giving in on raising tax rates now would give republicans leverage later on tax reform. so we've got a nuanced argument going here. john, what do you mean? what kind of leverage would they need by allowing for the tax breaks now? >> the problem is they don't have any leverage right now as we speak. i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine
're worried. they probably don't even really know the details. >> david kudlow, you are taking something of a risk-on strategy. you're going with the high-growth, high-dividend plays in this market, aren't you? >> yeah, we are. it's a strategy that's worked quite well p the uncertainty we've had over the fiscal cliff. with the positive economic data coming in, high-growth areas have done well for us. hi areas have helped diversify and steady the portfolio. >> you're not worried about impact that the fiscal cliff could have on the tax treatment of dividends out there? you get all these companies imposing early dividends, special dividends to try and slip it in before the end of the year. yet, you're still buying high yield right now. >> that's right. the reason i'm not worried is the high yield side of our strategy is preferreds, high yield bonds, mortgage-backed securities. those are areas that don't have the preferential treatment on the income stream right now. it does include the dividends on the common stocks that have the qualified dividend preferable tax treatment. the areas we're
of ending the dollar bill, is a return to the gold standard the way to go? larry's on the money. "the kudlow report" next on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> make sure to catch me this week
to look really cold hearted here. i was on larry kudlow's show last night, we both interviewed mayor giuliani. we said what do you think of this move by bloomberg? we both think the exact same thing. he thinks the city can handle it and that it is good for the city. i'm going to side with giuliani. can you stay on my couch. >> the stores and restaurants that are open are full. they don't. need anymore economic stimulation. we need more stores an restaurants open. >> can you stay at my apartment, robert. >> couldn't we do it next weekend? >> 20,000 runners who are qualifying for different -- for the olympics and things like that? i mean for most people it is fun but for some people it is really serious sport. >> i'm sure it is. next olympics are in 2016. i don't think they're really qualifying for that right now, but i get your point. >>> this from gawker.com. madison square garden supposedly told its workers struggling to recover from hurricane sandy, get back to work or we're going to start assessing you vacation days. we asked madison square garden for a comment. we have not heard
" and contributor to the kudlow report. just to remind folks, take a listen to president obama during his first re-election press conference talking about mitt romney. >> he presented some ideas during the course of the campaign that i actually agree with. and so it would be interesting to talk to him about something like that. there may be ideas that he has with respect to jobs and growth that can help middle class families that i want to hear. >> so this lunch today, is it just common courtesy or might he have something in mind for mitt romney? >> i think it's potential that he has something in mind that he wants mitt romney to do. it's very unlikely any type of formal position either in his cabinet or otherwise. i mean, both sides are sort of projecting they don't expect a whole lot of news to actually come out of this meeting which would mean it's more of a symbolic gesture, a time for these guys to get together privately. >> well, robert, an op-ed in the "washington post" says, obama should convene a presidential commission on national health costs to be chaired by romney and filled with lead
. >> this is what kudlow was referring to last night when he said gop will have some internal soul searching as to whether or not they want to have election after election where large portions of a changing demographic are given to the democrats some say for free. doesn't have to happen. >> that's chuck todd over and over again. he's an energizer bunny. he makes me look like a -- >> got the goatee going. >> he was going over latino areas that did not get polled including florida and just saying one party figured it out. the other party didn't. >> if you look at individual stocks and sectors, yesterday you got at the point where you go by sector and not risk on, risk off broader mark. we see that here. financials are seeing softness in pre-market. coal stocks seeing softness. there is a notion that now there will be more reimbursement for patients who previously couldn't pay for their care and so that will be a huge tail wind for these stocks which goes to buy from neutral this morning. >> a couple guys piled on hca. i do feel that you're supposed to sell the medical devices because there's a
connell. before we slam him, let's remember what he's done. now i've made that point like larry kudlow you now annihilate the guy. when you meet with business leaders, they feel same. don't go over the cliff. profits will go down. going to are to lay off people. that sounds like common sense. has that played any role at all, common sense? >> clearly not. here we are with just days until the cliff happens. >> we keep talking about the cliff as though we're not going to wake up on january 1st. >> you think it's more of a y2k? >> no. i think it's out of hand here. >> i think that there's a stock market -- >> we'll wake up with an incredible deficit deduction in place. >> i plan to wake up with a big hangover. >> if we would go ahead with sequestration and increase in tax rates, they have to be happy. where is santelli on this? >> he does wear a pin, santelli. it's a good question. >> look, i just think that it is true that january may not be a debacle. as someone that cares about -- let's put my cards on the table. higher stock prices. we ain't going to go in that direction. it's not good for the
pot? is this really what this country needs? the kudlow report is moments away. >> it's not all done in foul weather. after the
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